Petrochemical Headlines
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Saudi's SABIC, Shell Shelve Petchem Plant Expansion in Jubail
(Thursday, October 23, 2014) The expansion would have added capacity for polyols, propylene oxide and styrene monomer.

Westlake to Add Ethylene Capacity in Lake Charles
(Thursday, October 23, 2014) In addition to the 480 employee and 115 core contractor jobs that will be retained at the site, Westlake will add an additional 25 new direct jobs. This expansion is expected to create an estimated 1,000 construction jobs at peak activity.

Private Equity Eyes $13 Bln Bayer Plastics Business - Sources
(Wednesday, October 22, 2014) Private equity firms are circling Bayer's 10 billion-euro ($12.7 billion) plastics business, hoping to divert the German drugmaker from its plan to list the division, two people familiar with the matter said on Wednesday.

Dow Chemicals to Cut $1 Billion in Costs Over 3 Years
(Wednesday, October 22, 2014) Dow Chemical Co, the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins.

Asian Naphtha Imports to Stay High for 3rd Month, Adding to Glut
(Monday, October 20, 2014) Asia is set to import about 1.6 million tonnes of naphtha from the West in November, traders said on Monday, exacerbating a glut of the fuel that has already pummeled its prices in the region.

Japan Sep Petchem Naphtha Imports Rise 5.3 Pct y/y
(Friday, October 17, 2014) Japan's naphtha imports for the petrochemical sector rose 5.3 percent in September from the same month a year earlier, government figures showed on Friday.

Chemtura Expands Antioxidant Capacity for Auto Industry Demand Growth
(Friday, October 17, 2014) By 2015, the company will increase capacity at its Elmira, Ontario, Canada site by 20%, its Latina, Italy site by 25% and its Kaohsiung, Taiwan site by 10%.

North Dakota Group Plans $4 Billion Chemical Plant
(Monday, October 13, 2014) Badlands NGL LLC said on Monday it will build a $4 billion chemical plant in North Dakota to produce polyethylene, a key plastic used to make packaging, pipes and scores of other products.

Asia Naphtha-S Korea's LG Chem Buys at Steep Discount; Lowest Since 2010
(Friday, October 10, 2014) South Korea's LG Chem buys naphtha for second-half November delivery with traders estimating the price to be about $10 below Japan quotes on a cost-and-freight (C&F) basis, the lowest seen since July 2010 in South Korea.

Gazprom Deal on Track, Wintershall Says After Miller Comments
(Thursday, October 09, 2014) BASF's Wintershall on Thursday said a major deal with Gazprom was on track, after comments by the boss of the Russian company led to speculation it may be altered.

CB&I to License, Design Polypropylene Unit for China Project
(Thursday, October 09, 2014) CB&I Thursday announced it has been awarded a contract by Shenhua Ningxia Coal Industry Group Co. Ltd. for the license and engineering design of a polypropylene unit to be built in Lingwu, Yinchuan City, Ningxia, People's Republic of China.

Linde to Build Ammonia Plant in Wyoming
(Wednesday, October 08, 2014) The new plant will take approximately two years to complete.

European Businesses Split Over Urgency of EU Carbon Market Fix
(Wednesday, October 08, 2014) European business groups are sharply divided over how quickly and aggressively the European Union needs to reform its Emissions Trading System (ETS), a division unlikely to help spur swift changes.

Boardwalk Acquires Evangeline Ethylene Pipeline from Chevron
(Wednesday, October 08, 2014) Boardwalk Pipeline Partners, LP announced Wednesday that it has completed the previously announced acquisition of Chevron Petrochemical Pipeline LLC, which owns the Evangeline ethylene pipeline system, from Chevron Pipe Line Company.

Tioga Delivers Specialty Pipe for LyondellBasell Expansion
(Wednesday, October 08, 2014) LyondellBasell contracted KBR and Tioga for chemical processing equipment needs in conjunction with the expansion project at its Channelview, Texas, complex.

Japan Sept Ethylene Output Falls 4.4 Pct yr/yr
(Tuesday, October 07, 2014) Japanese ethylene production in September fell 4.4 percent from the same month a year earlier to 492,100 tonnes, data from the Ministry of Economy, Trade and Industry showed on Tuesday.

Dow to Launch US Apprenticeship Program
(Tuesday, October 07, 2014) The Dow Chemical Company Monday announced that it will launch a U.S. Apprenticeship pilot program at various Dow sites across the nation in 2015.

Petrochemicals Europe Unveils New Brochure, Flowchart for Stakeholders
(Monday, October 06, 2014) Petrochemicals Europe is launching new communication materials to inform stakeholders about the significant impact the petrochemicals industry has on their daily lives and the European Union economy.

CB&I to Supply Ethylene Heaters for Petronas' RAPID Project
(Friday, October 03, 2014) CB&I has been awarded a contract valued in excess of $200 million by Toyo Engineering Corp. for the engineering and supply of ethylene heaters for PETRONAS' Refinery and Petrochemicals Integrated Development (RAPID) project in Malaysia.

Dow Chemical Expects to Raise Over $2 Bln from Sale of 3 Units
(Thursday, October 02, 2014) Dow Chemical Co said it expected to raise more than $2 billion from three businesses that it has put on the block as part of a plan to raise up to $6 billion from asset sales.




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